Meet the head of design at Dropbox
(nitter.net)
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I think is worse for the new generation as many will not get a chance. If you are above 30 and with decent knowledge of what you do they will not replace you for diversity reasons, although you may get replaced with someone from India for financial reasons.
It works out in the end. They call you back as a contractor to fix the mistakes the Indians made.
Dad did 40 years at the State doing sys-admin. He's been retired less than a month, and they're already trying to bring him back part-time at almost twice the salary as his Needful-Doing replacements have fucked the dog so badly it's an international security risk.